Exchange Income (TSE:EIF) Price Target Raised to C$65.50

Key Points

• BMO Capital Markets has raised its price target for Exchange Income (TSE:EIF) from C$59.00 to C$65.50, indicating a potential downside of 12.30% from its previous close.
• Multiple analysts, including National Bankshares and TD Securities, have increased their price targets significantly, with National Bankshares setting a new target of C$81.00 and TD Securities at C$84.00.
• The stock has a current consensus rating of "Buy" with an average target price of C$79.68, reflecting strong confidence in the company's performance.

Exchange Income (TSE:EIF - Get Free Report) had its target price upped by BMO Capital Markets from C$59.00 to C$65.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' price target would indicate a potential downside of 10.43% from the company's previous close.

Several other brokerages have also recently commented on EIF. Cormark raised their target price on Exchange Income from C$67.00 to C$78.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Desjardins lifted their price objective on Exchange Income from C$73.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. CIBC lifted their price objective on Exchange Income from C$74.50 to C$84.50 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Scotiabank lifted their price objective on Exchange Income from C$64.00 to C$66.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, TD Securities lifted their price objective on Exchange Income from C$70.00 to C$84.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$79.68.

Exchange Income Stock Performance

EIF stock traded up C$0.26 during midday trading on Wednesday, hitting C$73.13. The stock had a trading volume of 27,663 shares, compared to its average volume of 111,187. The firm has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 28.65, a P/E/G ratio of 1.42 and a beta of 2.04. Exchange Income has a 52 week low of C$45.00 and a 52 week high of C$75.13. The stock has a 50-day simple moving average of C$64.35 and a 200 day simple moving average of C$56.47. The company has a current ratio of 1.76, a quick ratio of 1.13 and a debt-to-equity ratio of 173.72.

About Exchange Income

Exchange Income Corp is a diversified acquisition-oriented corporation focused on opportunities in two sectors, aerospace, aviation services and equipment, and manufacturing. The business plan of the corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets.